Target Corp (NYSE:TGT) stock is 1.6% higher before the bell, on track to open at $126.99 after being named a "top pick" at Oppenheimer.
Target Corporation's (TGT 2.81%) shares tumbled 19.8% last week after reporting 2024 third-quarter earnings that fell short of expectations. The sell-off came as the retailer reported comparable sales growth of just 0.3% and lowered its fourth-quarter outlook, citing cautious consumer spending in discretionary categories.
Caesars Entertainment needs a recapitalization program, blending refinancing and potential property sell-offs, to address its $11.7 billion long-term debt. JPMorgan's latest analyst focus list shows a 58% upside in the price target for CZR, highlighting its strong asset base. CZR's 65 million-member rewards database provides stability against debt concerns, maintaining its position as a leader in the sector.
I downgraded Live Nation Entertainment from a buy to a hold due to its high share price, limiting upside potential despite strong growth prospects. 3Q24 results showed a revenue decline but a 4.4% increase in adjusted operating income, indicating efficient cost management. Demand remains robust with strong fan growth, new venue openings, and increased sponsorships, supporting long-term growth.
Back in its second-quarter earnings report in August, Target (TGT 2.81%) gave investors hope that it was finally turning the corner.
NEW YORK, NY / ACCESSWIRE / November 24, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Target Corporation ("Target Corporation") (NYSE:TGT) concerning possible violations of federal securities laws. On November 20, 2024, Target reported earnings well below Wall Street's expectations, which the big retail chain blamed on slower-than-expected demand.
EAST NEW YORK, NY / ACCESSWIRE / November 24, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Target Corp. ("Target" or "the Company") (NASDAQ:TGT). Investors who purchased Target securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TGT.
Certain retail stocks have faced difficult times recently. While the economy is generally doing well and remains near full employment, multiple years of above-normal inflation and higher interest rates have stressed consumers.
Investors in Target (TGT 2.81%) may struggle to imagine an earnings report worse than the one released for the third quarter of 2024. The stock fell by 22% in the following trading session as the company released disappointing results.
Target (TGT 2.81%) said that profits are falling as cost increases outpace revenue growth.
Target Shares Plunge on Its Holiday Outlook. Should Investors Buy the Dip in the Stock?
Here are some of the major companies whose stocks moved on the week's news.